Pakistan has developed a comparative advantage in the production of clothing. The source of its comparative advantage in this product is

A) a favorable climate. B) abundant supplies of natural resources.
C) a large supply of unskilled workers. D) technology.

C

Economics

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Which of the following is not a legal barrier to entry in a monopolized market?

a. A patent. b. An exclusive franchise. c. Decreasing average cost. d. An exclusive license.

Economics

The fundamental reason to study economics is to study

a. how choices are made. b. how production is determined. c. how countries trade with each other. d. how finances are determined.

Economics